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Tesla Inc. Date Description Debit ($) Credit ($) 2025-04-20 Purchased Equipment (paid in cash) 30,000 2025-04-25 Utility Expenses Paid 4,500 2025-04-28 Loan Received 70,000 2025-04-30
Tesla Inc.
Date | Description | Debit ($) | Credit ($) |
2025-04-20 | Purchased Equipment (paid in cash) | 30,000 | |
2025-04-25 | Utility Expenses Paid | 4,500 | |
2025-04-28 | Loan Received | 70,000 | |
2025-04-30 | Interest on Loan | 2,000 |
Requirements:
- Record the journal entries for the transactions of Tesla Inc.
- Post the transactions to the ledger accounts.
- Prepare a trial balance as of April 30, 2025.
- Prepare the income statement and balance sheet for the month ended April 30, 2025.
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